CA > Berkeley
Berkeley, CA 94703-2402,3042 Martin Luther King Jr WAY
Berkeley, CA 94703-2402,3042 Martin Luther King Jr WAY
Berkeley, CA 94703-2402,3042 Martin Luther King Jr WAY
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$2,250,000
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8 BD
6 BA
3,796 SqFt
New

3042 Martin Luther King Jr WAY Berkeley, CA 94703-2402

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Carlos Gutierrez

Carlos Gutierrez

+1(831) 345-9991

UPDATED:

02/28/2025 05:21 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,796 sqft

Price per Sqft $592

MLS Listing ID MR41087575

Bedrooms 8

Originating Board Bridge MLS

Year Built 1909

Lot Size 4,107 Sqft

Property Sub-Type Fourplex

Property Description

3042 MLK Jr. Way offers a rare investment opportunity for a fully renovated fourplex in South Berkeley's high-demand rental market. Directly across from Ashby BART, tenants enjoy seamless transit access to Downtown Oakland, San Francisco, and the Bay Area. Fully remodeled with over $600K in upgrades, including 9-foot ceilings, dual pane windows, tankless water heaters, and modernized electrical systems. This property features four turn-key units: 1+bd/1ba, 3bd/2ba, 4bd/2ba, and a studio, totaling 3,790 sq. ft. of living space. Each unit has stainless steel appliances, updated kitchens, in-unit laundry, and central heating/AC, maximizing tenant comfort and retention. Generating $14,600/month with three of the four tenants paying utilities and one paying parking income, this is a high-yield, low-maintenance investment in one of Berkeley's most desirable neighborhoods. Don't miss out on this incredible opportunity!

Location

State CA

County Alameda

Area Other Area

Interior

Heating Gas, Heat Pump, Heating - 2+ Zones

Cooling Window / Wall Unit, Ceiling Fan

Flooring Tile, Vinyl

Laundry 220 Volt Outlet, Gas Hookup, In Closet, Laundry Area - In Unit, Washer, Dryer

Exterior

Exterior Feature Concrete, Wood Shingles, Siding - Wood

Garage Spaces 2.0

Roof Type Tar and Gravel

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public, Heater - Gas

Others

Tax ID 53-1601-16

Special Listing Condition New, Not Applicable

MLS Listing IDX PLUS
© 2025 MLSListings Inc. All rights reserved.
Listed by Joey Wang • Keller Williams Realty

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Carlos Gutierrez

Agent | License ID: 1461866

+1(831) 345-9991

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3042 Martin Luther King Jr WAY